RHB Retail Research
Trading Stocks - Naim
Naim continued to rebound off from the 21-day SMA line on strong volume. There is a good possibility its wide sideways trading pattern that started from Jul 2020 will extend towards the upside. A positive bias is set to emerge above MYR0.82 with resistance levels set at MYR0.90 and MYR0.95. This bias would be void if the MYR0.82 support fails.
Source: RHB Securities Research - 12 Mar 2021
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